Economy

Local markets sustain upward momentum

By Joann Villanueva/Philippine News Agency MANILA -- The Federal Reserve’s decision to keep key policy rates steady benefited the Philippine peso Thursday and the Philippine Stock Exchange index (PSEi) ended on a...

DOF to work closely with new Congress to push reforms

DOF PR/Philippine News Agency NEW CLARK CITY -- Secretary Carlos Dominguez III has bared plans for the Department of Finance (DOF) to work more closely with members of the incoming 18th Congress...

TDF rates post mixed output

By Joann Villanueva/Philippine News Agency MANILA -- Mixed results once again were registered by the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) Wednesday despite the oversubscription for both tenors. Data released...

Local markets up on news of possible Trump, Jinping meeting

By Joann Villanueva/Philippine News Agency MANILA – Both the Philippine Stock Exchange index (PSEi) and the peso ended higher Wednesday following news of a possible face-to-face meeting between US President Donald Trump...

ASEAN+3 research office eyes 6.3% GDP growth this year

By Joann Villanueva/Philippine News Agency MANILA -- An economist of ASEAN+3 Macroeconomic Research Office (AMRO) said the Philippine economy is expected to post a 6.3 percent growth in 2019, despite the slide...

BSP chief: Don’t link RRR cuts to TDF bids

By Joann Villanueva/Philippine News Agency MANILA -- Increase in domestic liquidity as a result of the cut in banks’ reserve requirement ratio (RRR) should not be the gauge for tenders in the...

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